TRM Labs Secures $70M Series C Funding
Blockchain compliance and investigation firm TRM Labs has announced the successful completion of a $70 million Series C funding round, achieving a valuation of $1 billion. This milestone marks the company’s entry into the league of blockchain-focused unicorns.
Major Institutional Backing
The round was led by Blockchain Capital, with participation from major financial players including Goldman Sachs, Bessemer Venture Partners, Brevan Howard, Thoma Bravo, and Citi Ventures. The investment highlights growing institutional confidence in blockchain analytics and compliance solutions.
Technology at the Core
Founded in 2018 by Esteban Castaño and Rahul Raina, TRM Labs specializes in blockchain intelligence tools used by global law enforcement and a growing number of private firms seeking to ensure compliance in crypto-related operations.
Currently, around 40% of TRM’s client base is from the private sector, a figure that continues to rise as financial institutions explore tokenized assets such as deposits and equity.
Scaling Up with AI
The company has expanded its team to 350 employees and is actively integrating AI into its platform to combat increasingly sophisticated cybercriminal tactics, enhancing its detection and risk mitigation capabilities.